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1293 W 36th St
Los Angeles CA 90007 US

$1,495,000

Active Listing ID 24-436853
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13 bed
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Lot: 0.12 Acres
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Other

$1,495,000

Active Listing ID 24-436853
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1293 W 36th St We are pleased to present the opportunity to acquire 1293 W. 36th Street, an incredible redevelopment opportunity with full RTI Plans and Permits, located in the highly desirable DPS Patrol Zone, about 2 blocks to the University of Southern California (USC). The existing property currently consists of a total of five (5) bedrooms & four (4) bathrooms. The RTI plans have been approved to convert the existing Single-Family Residence to a spacious Duplex, consisting of a 4-bedroom + 3-bathroom unit & a 1-bedroom +1-bathroom unit. The plans are also approved to construct two (2) ADU's, each consisting of 4-bedrooms + 4-bathrooms. Fully constructed, there will be a total of 4 units, 13-bedrooms + 12-bathrooms. Current income is $5, 900/month Finalized constructed units will have a scheduled income of approximately $20, 000/month.The property features hardwood floors, stainless steel kitchen appliances, quartz counter tops, On-site laundry, and the tenants pay all utility expenses. Combined with parental guarantees on leases and occupancy levels routinely achieving 100% for the school year, the asset represents a low-risk investment that is poised for continued growth and excellent operating fundamentals. The investment is 100% occupied with USC students, and fully leased for the 2024-2025 school year.

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1495000
  • unparsedaddress: 1293 W 36th St
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90007
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1217
  • lotsizeunits: Acres
  • lotsizearea: 0.1217
  • livingarea: 1467
  • livingareaunits: Square Feet
  • latitude: 34.023031
  • longitude: -118.297255
  • listagentfullname: Davis Saadian
  • listagentemail: davis@saadiangroup.com
  • listagentkey: 3yd-CLAWCA-C114727
  • listagentmlsid: C114727
  • listagentpreferredphone: 3104822200
  • listagentofficephone: 3104822200
  • listofficekey: 3yd-CLAWCA-X74717
  • listofficemlsid: X74717
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1903
  • listingcontractdate: 2024-09-06
  • listagenturl: http://www.kwsantamonica.com
  • countyorparish: Los Angeles
  • parcelnumber: 5040-006-017
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 5
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.29726, 34.02303
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Santa Monica", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"davis@saadiangroup.com", "ListBrokerageCity":"Santa Monica", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw549@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CLAWCA/837f8111fc9d11dea62b00065bf395fa/20120312201203057.png", "ListBrokerageName":"Keller Williams Santa Monica", "ListBrokeragePhone":"(310) 482-2200", "ListBrokeragePostalCode":"90405", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2701 Ocean Park Blvd., Suite 140", "ListBrokerageWebsiteUrl":"http://www.kwsantamonica.com", "ListOfficeAddress1":"11812 San Vicente Blvd.", "ListOfficeAddress2":"Suite 100", "ListOfficeBrokerMlsId":"X91642", "ListOfficeCity":"Los Angeles", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw549@kw.com", "ListOfficePostalCode":"90405", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Los Angeles, CA", "ListingURL":"https://listings.listhub.net/pages/CLAWCA/24-436853/?channel=rexren", "MLSModificationTimestamp":"2024-09-06T15:20:57Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:55:01 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Davis Saadian, KW Advisors, davis@saadiangroup.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.